What is the concensus among some Realtors of how the Haiku market has sustained the recent downturn?

My opinion is that the high value segment ($1 million plus list price), locations close to the ocean and newer developments [ie. Haiku Hill, Haiku Makai, Peahi Farms and N.Holokai] have tended to hold their value better than many other high value areas on the island.  These more costly locations have held their value in recent years in Haiku versus Wailea, Kannapali and Kapalua which may have been more inflated during the boom. 
The middle segment of the market ($500,000-1,000,000) has experienced a higher volume of transactions than the high end and more flexibility in pricing.  [There has been a lot of real value sold in this segment.]
The lower segment has seen even higher volume of homes sold and again some great deals in this segment have been had, as it has seen the most cases of foreclosures.
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October 30 2010 - Haiku
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